Trump says expects Russia-Saudi oil deal soon, invites U.S. oil chiefs to White House
U.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry “ravaged” by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia.
U.S. Energy Department urges Saudi, Russia to calm oil markets
The U.S. Energy Department on Wednesday urged Saudi Arabia and Russia to calm oil markets after the kingdom’s crude supply rose to a record of more than 12 million barrels per day even as oil demand falters on the coronavirus pandemic.
U.S. light vehicle sales in March fall 27% on month as virus outbreak intensifies
Light vehicle sales in the United States fell nearly 27% in March compared with a month earlier, data released by an automotive research group showed on Wednesday, as the coronavirus outbreak intensified and shuttered dealerships across much of the cou…
Dollar supported as investors seek safety in liquidity
The dollar held gains on Thursday as investors rushed to the security of the world’s most liquid currency as the coronavirus pandemic caused massive disruptions to global trade.
U.S. Treasury to tap Wall Street advisory firms on airline aid: WSJ
The U.S. Treasury Department plans to hire PJT Partners Inc , Moelis & Co and Perella Weinberg Partners to advise on the airline portion of Washington’s $2 trillion stimulus bill, the Wall Street Journal reported on Wednesday.
U.S. sues to force Altria to unwind investment in Juul
The U.S. Federal Trade Commission said on Wednesday it had filed a complaint aimed at forcing Marlboro maker Altria Group to sell its investment in e-cigarette maker Juul Labs Inc.
Wall Street dives 4% as virus pandemic fears intensify
Wall Street’s three major indexes fell more than 4% on Wednesday, after President Donald Trump’s dire warning on the U.S. death toll from the coronavirus sent investors running from even the most defensive equities.
Trump invites oil chiefs to discuss help for ailing industry
U.S. President Donald Trump has invited oil executives to the White House to discuss potential ways to help the industry hammered by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia, three sources f…
U.S. will work with global oil producers to address volatility in markets: Trump adviser
The United States “will work with the world’s largest oil producers to address volatility in global oil markets,” U.S. President Donald Trump’s national security adviser Robert O’Brien said on Wednesday.
U.S. crude oil futures jump 5% at open
U.S. crude oil futures rose 5% on the open on Thursday, reversing Wednesday’s losses, despite growing concerns about a looming economic depression due to the coronavirus pandemic.
